NOT LISTED FOR SALE

11311 SW Cornett Loop Powell Butte, OR 97753

Estimated Value: $7,401,834

3 Beds
2 Baths
1,623 Sq Ft
$4,561/Sq Ft Est. Value

Last Sold November 09, 2022

Last sale price $6,999,000 $4,312 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $42,651/month

89 Days on Market

Highlights

  • Barn
  • Horse Property
  • 897.45 Acre Lot
  • Covered Arena
  • RV Access or Parking
  • Mountain View

About This Home

As of November 2022

This first-class equestrian property, cattle ranch, & hay operation is located less than an hour from Bend. The ranch includes an impressive 81,600± square foot equestrian facility, a horse lover's dream! Complete with 117 horse stalls, two indoor arenas, an office, three large tack rooms, spectator judging areas,
a studio apartment, restrooms, built-in waterers, stainless steel stall fronts, concrete alleyways, & two wash rack facilities. In addition, there is an outdoor cutting arena, a heated mare barn with 36 stalls, several farm buildings, & 24 RV hook-ups. This ranch boasts excellent irrigated hay lands, with 311.3± acres of owned & leased water rights via 4
half pivots and 2 full pivots. This fertile ground has a history of producing top-quality alfalfa & hay. In addition to these fertile irrigated fields, there is plenty of rangeland pasture, including a small BLM pasture lease. There is a modest three-bedroom/two-bathroom historically been used as a farmhand dwelling.

Last Listed By

Jerry Hicks

Fay Ranches, Inc. License #200001101 Listed on: 02/01/2022

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $19,055

Year Built

  • Built in 1970

Lot Details

  • 897.45 Acre Lot
  • Additional Parcels
  • Property is zoned EFU3, EFU3

Parking

  • 2 Car Attached Garage
  • Driveway
  • RV Access or Parking

Home Design

  • Ranch Style House
  • Ranch Property
  • Farm
  • Stem Wall Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,623 Sq Ft Home
  • Living Room
  • Mountain Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Horse Property
  • Shed
  • Storage Shed

Schools

  • Powell Butte Elementary School
  • Crook County Middle School
  • Crook County High School

Farming

  • Barn

Horse Facilities and Amenities

  • Horse Stalls
  • Corral
  • Covered Arena
  • Arena

Utilities

  • No Cooling
  • Heating Available
  • Irrigation Water Rights
  • Well
  • Septic Tank

Community Details

  • Property is near a preserve or public land

Listing and Financial Details

  • Assessor Parcel Number 19620

Property Details

Property Type

Other

Est. Annual Taxes

$19,055

Year Built

Built in 1970

Lot Details

0

Parking

2

Listing Details

  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Unit Levels: One
  • Lot Size Acres: 897.45
  • Prop. Type: Farm
  • New Construction: No
  • Property Sub Type: Agricultural
  • Subdivision Name: N/A
  • Year Built: 1970
  • Co List Office Mls Id: ocFAY
  • Co List Office Phone: 800-238-8616
  • Co List Office Phone: 800-238-8616
  • MLS Status: Closed
  • General Property Information:Zoning2: EFU3
  • Architectural Style Ranch: Yes
  • Levels:One: Yes
  • Rooms:Kitchen: Yes
  • Rooms:Living Room2: Yes
  • Other Structures:Shed(s): Yes
  • Water Source:Well: Yes
  • Utilities:Electricity Connected: Yes
  • View:Mountain(s): Yes
  • Roof:Composition: Yes
  • Other Structures:Arena: Yes
  • Other Structures:Barn(s): Yes
  • Other Structures:Corral(s): Yes
  • Other Structures:Storage: Yes
  • Special Features: None

Interior Features

  • Has Basement: None
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Other
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Frame
  • Foundation Details: Stemwall
  • Lot Features: Adjoins Public Lands
  • Other Structures: Animal Stall(s), Arena, Barn(s), Corral(s), Covered Arena, Shed(s), Storage, Scales
  • Roof: Composition
  • View: Cascade Mountains, Mountain(s)
  • Horse: Yes
  • Construction Materials:Frame: Yes

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Attached, Driveway, RV Access/Parking
  • Attached Garage: Yes
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Attached: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:RV AccessParking: Yes

Utilities

  • Cooling: None
  • Heating: Other
  • Sewer: Septic Tank
  • Water Source: Well
  • Cooling Y N: No
  • HeatingYN: Yes
  • Sewer Septic Tank: Yes

Schools

  • Elementary School: Powell Butte Elementary
  • High School: Crook County High
  • Middle Or Junior School: Crook County Middle

Lot Info

  • Additional Parcels Description: 1415310000205, 1415000000700, 1414000001405
  • Additional Parcels: Yes
  • Lot Size Sq Ft: 39092922.0
  • Parcel #: 19620
  • Irrigation Water Rights: Yes
  • Crops Included: No
  • Current Use: Agricultural, Ranch
  • ResoLotSizeUnits: Acres
  • Zoning Description: EFU3
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 19054.69
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 18, 2016
Sold by
Woeck Kathy S
Bought by
Shephard Bradley C and Shephard Stanley V
Total Days on Market
89
Current Estimated Value
$7,401,834

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,750,000
Outstanding Balance
$367,117
Interest Rate
3.42%
Mortgage Type
Commercial
Estimated Equity
$3,362,090

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Shephard Bradley C $3,000,000 Western Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shephard Bradley C $1,750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2022 11/09/22 Sold $6,999,000 0.0% $4,312 / Sq Ft
04/17/2022 04/17/22 Pending -- -- --
01/18/2022 01/18/22 For Sale $6,999,000 -- $4,312 / Sq Ft
Source: Southern Oregon MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $17,009 $1,392,787 -- --
2023 $16,425 $1,352,347 $0 $0
2022 $15,913 $1,312,930 $0 $0
2021 $15,914 $1,274,850 $0 $0
2020 $15,476 $1,237,869 $0 $0
2019 $14,934 $1,167,416 $0 $0
2018 $14,559 $1,167,416 $0 $0
2017 $14,340 $1,133,558 $0 $0
2016 $13,683 $0 $0 $0
2015 $13,867 $0 $0 $0
2013 -- $1,091,098 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jerry Hicks

    Fay Ranches, Inc.

  • H

    Seller Co-Listing Agent in 2022

    Hunter Hicks

    Fay Ranches, Inc.

    (541) 639-2510

    Section Image

  • N

    Buyer's Agent in 2022

    Non Member

    No Office

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Map

Source: Southern Oregon MLS

MLS Number: 220138243

Southern Oregon MLS

APN: 019620

Oregon Crook County Powell Butte 97753

11311 SW Cornett Loop, Powell Butte, OR

Homes for Sale in Powell Butte, OR

This home is located at 11311 SW Cornett Loop, Powell Butte, OR 97753 since 01 February 2022 and is currently estimated at $7,401,834, approximately $4,560 per square foot. This property was built in 1970. 11311 SW Cornett Loop is a home located in Crook County with nearby schools including Crooked River Elementary School, Crook County Middle School, and Crook County High School.

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